From disrupted global markets to a possible refugee crisis, here are some of the ways Russia's invasion of Ukraine will have ripple effects far outside the borders of the conflict.
on Russia — signals that people even out of immediate harm’s way will be affected by what threatens to become the biggest war in Europe since World War II.There could be collateral damage from sanctions on Russiaof economic sanctions on two Russian banks with about $80 billion in assets, five Russian oligarchs and their families, and prohibited U.S. entities from purchasing Russian sovereign debt.
Because the U.S. does not rely much on trade with Russia, it is somewhat insulated from direct consequences. Europe is more directly affected. But certain sectors of the U.S. economy rely on highly specific Russian exports, primarily raw commodities. Russia is a major exporter of oil and natural gas, especially to Europe. As a result, officials have reportedly shied away from severe sanctions on Russian energy exports.Nearly 40% of the natural gas used by the European Union comes from Russia. President Biden has said the not-yet-operational Nord Stream 2 pipeline would not move ahead if Russia invaded Ukraine.
Even if Russia chooses not to limit exports, supplies could still be affected by a conflict in Ukraine because multiple pipelines run through the country, carrying gas from Russia to Europe. “They could simply be casualties of a military invasion,” Rediker said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine updates: Russia claims it neutralized Ukraine military infrastructure“We condemn in the strongest possible terms Russia’s unprecedented military aggression against Ukraine,” European Council Pres. Charles Michel and European Commission Pres. Ursula von der Leyen say in a joint statement.
Read more »
Russia-Ukraine: What to know as Russia attacks UkraineRussian troops have launched a three-pronged assault on Ukraine that brought explosions and fear to the capital, Kyiv, and other cities.
Read more »
Russia-Ukraine: What to know as Russia attacks UkraineRussian troops launched a broad, three-pronged assault on Ukraine that opened with air and missile strikes on Ukrainian military facilities and included ground troops invading from Crimea.
Read more »
Russia-Ukraine conflict live updates: Biden unveils more sanctions after Russia takes ChernobylRUSSIAN INVASION OF UKRAINE LATEST: • Russia bombards Ukraine by air, land, and sea • Chernobyl power plant captured by Russian forces • Biden announces new sanctions targeting Russia and mobilization of more troops to Germany • Kyiv under curfew
Read more »
Russia attacks Ukraine: Zelenskyy says Russia trying to seize Chernobyl (live updates)BREAKING | Ukraine's President says Russian forces are trying to seize the Chernobyl nuclear plant. The power plant was the site of the world’s worst nuclear accident when a nuclear reactor exploded in 1986 and sent radioactive contamination across Europe.
Read more »
Russia-Ukraine live updates: Ukrainian president says Russia targeting him, his familyFrom Rome to London to Berlin, major monuments and government buildings are lit in the colors of Ukraine in solidarity amid Russia's invasion. LIVE UPDATES:
Read more »